Issuer Direct (NYSE:ISDR) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

Issuer Direct Price Performance

NYSE ISDR opened at $11.85 on Tuesday. The company has a market cap of $45.27 million, a P/E ratio of 59.25 and a beta of 0.88. Issuer Direct has a 1 year low of $11.20 and a 1 year high of $23.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $12.51 and a 200 day simple moving average of $14.71.

Issuer Direct (NYSE:ISDR) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $7.54 million during the quarter, compared to analysts’ expectations of $8.20 million. Issuer Direct had a net margin of 2.29% and a return on equity of 10.90%. On average, sell-side analysts predict that Issuer Direct will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other Issuer Direct news, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of Issuer Direct stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $11.90 per share, with a total value of $124,926.20. Following the completion of the transaction, the insider now owns 556,051 shares of the company’s stock, valued at $6,617,006.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Graeme P. Rein bought 12,614 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of $11.91 per share, with a total value of $150,232.74. Following the completion of the transaction, the director now directly owns 197,614 shares in the company, valued at $2,353,582.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 10,498 shares of the business’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $11.90 per share, with a total value of $124,926.20. Following the acquisition, the insider now owns 556,051 shares in the company, valued at $6,617,006.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,743 shares of company stock valued at $330,683 in the last three months. Company insiders own 26.08% of the company’s stock.

Institutional Trading of Issuer Direct

An institutional investor recently raised its position in Issuer Direct stock. Punch & Associates Investment Management Inc. lifted its stake in Issuer Direct Co. (NYSE:ISDR) by 35.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,795 shares of the company’s stock after buying an additional 22,763 shares during the period. Punch & Associates Investment Management Inc. owned about 2.30% of Issuer Direct worth $1,651,000 at the end of the most recent reporting period. 50.02% of the stock is currently owned by hedge funds and other institutional investors.

Issuer Direct Company Profile

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.